Belarus to support enterprises running import-substituting projects

 

The economy minister and the company's management discussed the possibilities of increasing the output of domestic products that can replace imported equipment and components. They also touched upon export-related matters.

 

"The updated law on investments offers mechanisms to support projects. They include an expanded package of benefits and preferences, the purchase of part of the output by the government, as well as assistance from the budget. The list of products classified as import-substituting features more than 2,700 items: from foodstuffs to sophisticated products. Producers of such goods can also claim state support on favorable terms," Yuri Chebotar said.